Impinj (NASDAQ:PI) Trading 4.3% Higher – Should You Buy?

Impinj, Inc. (NASDAQ:PI)’s share price shot up 4.3% on Thursday . The stock traded as high as $171.50 and last traded at $171.80. Approximately 60,218 shares were traded during trading, a decline of 89% from the average daily volume of 545,556 shares. The stock had previously closed at $164.70.

Analysts Set New Price Targets

PI has been the subject of a number of research reports. Weiss Ratings raised Impinj from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Jefferies Financial Group boosted their price target on Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. BMO Capital Markets assumed coverage on shares of Impinj in a research report on Thursday, August 20th. They set an “outperform” rating and a $220.00 price target on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price target on shares of Impinj in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Impinj from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Impinj has a consensus rating of “Moderate Buy” and an average target price of $183.30.

Impinj Stock Up 4.0%

The stock’s fifty day simple moving average is $156.82 and its 200-day simple moving average is $134.66. The stock has a market cap of $5.23 billion, a P/E ratio of -186.06 and a beta of 1.92. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.29 and a current ratio of 3.28.

Impinj (NASDAQ:PI) last released its earnings results on Wednesday, July 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. The company had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.Impinj’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, research analysts forecast that Impinj, Inc. will post 0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Cary Baker sold 1,429 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $264,365.00. Following the sale, the chief financial officer owned 88,226 shares of the company’s stock, valued at $16,321,810. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Impinj

Hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. lifted its position in shares of Impinj by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares during the period. Goldman Sachs Group Inc. increased its stake in Impinj by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after purchasing an additional 26,388 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Impinj during the first quarter valued at about $223,000. Intech Investment Management LLC boosted its position in shares of Impinj by 29.6% during the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after purchasing an additional 3,812 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Impinj in the 2nd quarter valued at about $3,833,000.

About Impinj

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).